In this Jan 6, 2020 photo, tourists admire the skyline view of Lujiazui area at the Bund in Shanghai, east China. (PHOTO / XINHUA)

BEIJING - China's non-financial outbound direct investment increased 10 percent year-on-year to 149.64 billion yuan (about $21.09 billion) in the first two months of the year, official data showed Thursday.

Non-financial ODI in economies participating in the Belt and Road Initiative came in at 33.18 billion yuan during the period, an increase of 0.6 percent year-on-year, according to the Ministry of Commerce.

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The turnover of contracted projects overseas grew 9 percent year-on-year to 138.06 billion yuan, the ministry said.